From MarketBeat:

RWC Asset Management LLP reduced its position in Alaska Air Group, Inc. by 92.2% in the 3rd quarter, selling 216,096 shares. They now have 18,307 shares worth $679,000. Several other hedge funds and institutional investors have also recently bought and sold shares of the company. 80.58% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on Alaska Air Group stock: four investment analysts have rated it as a hold, and six have issued a buy rating, with an average rating of “Moderate Buy” and a consensus price target of $57.25.

Alaska Air Group stock was up 3.1% on the stock market, trading at $37.95. It has a market cap of $4.86 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 0.75 and a beta of 1.59. The company recently reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.04).

Alaska Air Group, Inc. operates airlines through its subsidiaries and offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, Mexico, Costa Rica, and Belize. It operates through three segments including Mainline, Regional, and Horizon.



Read more: RWC Asset Management LLP Lowers Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)